sunpower corp (SPWR) Key Developments
SunPower to Build 170 MW of Projects in China
Nov 23 15
SunPower announced that it is to build 170 MW of projects in China for two investors. The company confirmed the three projects, which it will build in the Inner Mongolia region as 100MW in Shangtuhai Village, Wuchuan County; 20MW in Qianbaimiao Village, Jinhe Town, Saihan District; and 50MW in Mandahtu Town Sunite Zuoqi, Xilinguole.
SunPower Corporation Presents at Goldman Sachs US Emerging & SMID Cap Growth Conference, Nov-19-2015 12:30 PM
Nov 18 15
SunPower Corporation Presents at Goldman Sachs US Emerging & SMID Cap Growth Conference, Nov-19-2015 12:30 PM. Venue: The Crowne Plaza Times Square, New York, New York, United States. Speakers: Charles D. Boynton, Chief Financial Officer and Executive Vice President.
SunPower Corporation Launches Helix Platform for Commercial Customers
Nov 12 15
SunPower Corporation has launched its Helix platform, an integrated commercial solar solution combining solar power production and energy management. The Helix platform is standardized across rooftop, carport and ground installations. Features of Helix platform include: SunPower solar panels; mounting hardware; plug-and-play power station; and SunPower EnergyLink. SunPower solar panels produce 60% more energy from the same space over the first 25 years than conventional panels. Leading the industry in environmental sustainability, SunPower panels manufactured in Mexico and France are the first and only solar panels in the world to receive the Cradle to Cradle Certified Silver designation. Mounting hardware that maximizes roof coverage enables Helix to achieve the energy density in solar with 72% more energy generated over 25 years when compared with conventional solar power systems. Plug-and-play power station - the only one available in the US commercial solar market - eliminates the need to strip and land wires on site, reducing labor costs during installation and improving reliability. SunPower EnergyLink is a comprehensive, powerful energy intelligence software (EIS) for solar, which, unlike other EIS products, quantifies real time demand charge savings, and identifies demand peaks and savings opportunities. Bed Bath & Beyond is one of SunPower's first Helix customers, with construction expected to begin on systems at eight stores early next year. The major retailer launched its solar program in 2006, and currently generates a total of 17.5 megawatts from SunPower systems on 26 facilities in four states.
Sunpower Signs 20 Year Power Purchase Agreement with Turlock Irrigation District
Nov 11 15
SunPower has signed a 20-year power purchase agreement with Turlock Irrigation District (TID) for a 54-MW solar photovoltaic (PV) power plant in California. The US solar major will start building the plant on its Rosamond Solar site in Kern County this month, with the launch of operations expected by the end of 2016. The company will also start construction this month on another 54-MW plant to serve Stanford University, announced earlier this year, at the Rosamond Solar site, which may support up to a total of 300 MW of solar generation.
Turlock Irrigation District and SunPower Announces Twenty Year Power Purchase Agreement
Nov 11 15
Turlock Irrigation District and SunPower announced a 20-year power purchase agreement under which TID will buy clean renewable solar power from the company. To serve the agreement, the company is starting construction this month on a 54-megawatt (AC) solar photovoltaic power plant at the company's Rosamond Solar site in Kern County, which is expected to be operational by the end of 2016. TID anticipates the plant to generate an equivalent amount of energy to serve approximately 20,000 homes. TID estimates the PPA will move the district approximately 7% closer to meeting the State of California's recently increased Renewable Portfolio Standard (RPS) requirement of 50% renewables by 2030. It will also add another significant resource to the district's already diverse portfolio of certified environmentally-friendly greenhouse-gas-free resources, which include wind, eligible small hydro, geothermal, and photovoltaic solar. Construction at the Rosamond Solar site, which is located in Kern County'sAntelope Valley, is expected to begin this month on the 54-megawatt plant for TID, as well as on a 54-megawatt plant to serve Stanford University, announced earlier this year. In total, Rosamond Solar may support up to 300 megawatts of solar power generation, creating approximately 350 jobs during peak construction at the site next year. For its customers at Rosamond Solar, the company will design and build the company Oasis Power Plant systems. The Oasis system is the company’s fully integrated, modular solar power block solution for utility-scale solar projects that is designed to optimize land use and engineered for rapid, cost-effective installation. The technology includes the company’s proprietary robotic solar panel cleaning capability that uses 75% less water than traditional cleaning methods and can help improve system performance by up to 15%. The TID board of directors approved making this solar power acquisition in March of this year after a comprehensive bidding and study process. TID was open to all qualified technologies, with or without storage, and inside or outside TID, and received 129 proposals from 29 different entities. The capacity of power plants described in this release is in approximate megawatts on an alternating current (ac) basis.